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Bruce Krinsky Acquires Mixed-Use Asset At 1188 President St. In Crown Heights, Brooklyn For $2.65M

Property Image
SOLD
$2,650,000

New York

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Mixed-use5,450 SF
Sold 03/07/2022
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Property Image
SOLD

Bruce Krinsky Acquires Mixed-Use Asset At 1188 President St. In Crown Heights, Brooklyn For $2.65M

1188 President Street, Brooklyn, New York 11225, United States

See Similar Deals
Mixed-use5,450 SF
Sold 03/07/2022
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$486
Total Square Footage:5,450 SF
Transaction Type:Sale

Located at 1188 President St. in Crown Heights, Brooklyn, this mixed-use property was recently sold in a transaction on 03/07/2022. The property spans approximately 5,450 square feet and boasts a sale price of $2,650,000, resulting in a price per square foot of $486. The buyer in this transaction was Bruce Krinsky, while Murray Saltzman acted as the seller. Sully Klein from Real Street represented both parties as the broker.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,650,000
  • Address: 1188 President St., Crown Heights, Brooklyn
  • Square Footage: 5,450
  • Buyer: Bruce Krinsky
  • Seller: Murray Saltzman
  • Broker: Sully Klein - Real Street

This transaction highlights the successful collaboration between buyer Bruce Krinsky and seller Murray Saltzman. Sully Klein from Real Street played a crucial role as the broker, facilitating the deal between the parties involved.

Players

14 deals$28.7M volume
BROKER

Details

SOLD
IMAGE: Sully Klein DATE: 03/07/2022 ADDRESS: 1188 President St. MARKET: Crown Heights, Brooklyn ASSET TYPE: Mixed-use BUYER: Bruce Krinsky SELLER: Murray Saltzman BROKER: Sully Klein - Real Street (@RealStreetNY) SALE PRICE: $2,650,000 SF: 5,450 ~ PPSF: $486

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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